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The presentation order was original agreed with the professor in charge of the seminar for that term in the first session of the term. There was a loose heirarchy, or seniority, that was used. Typically the slots would be listed and the professor would place the sixth years into slots, then the fifth years, and so forth downwards. However, the sixth years were not gauranteed the best slots (which were usually the last ones); social optimality considerations were factored (with differing degrees of success) into each professors guidance.
Following a trial of a wiki for BPP students, we then attempted to negotiate amongst ourselves for slots, without faculty guidance, using a strict seniority system between years and a first-come-first-served system within years. The result was then presented to the faculty member running the seminar. This lead to near perfect sorting down the years, with the later higher years taken taking the last slots (which are generally preferable), and the early years being forced into the early slots. For various reasons this was considered to be not socially optimal.
In an attempt to resolve this various pitches were made by students, including revisions to the seniority ordering. Finally an impasse was reached, and a seminar slot with Steve Tadelis was used to create a new institution.
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